Massive Wave Of Resignation (Part IV): It's Not Slowing Down!

They are all stepping down for the Antichrist to come and take the throne.

Originally posted by Jobeycool

Is this normal for bankers and CEOs and whatnot to quit like this?

This seems rather crazy.

It makes no difference if this is a peak or a common occurrence statistically i.e. are the recent seizures of the fake bonds in Spain and Italy related to this latest round of bankster resignations?

Why? Because the next round of CEO will be the New Boss ("New boss, same as the old boss"..."The Who"). Don't take your eye of the real ball and the real ball is the fake bonds that seem to keep popping up, bonds denominated in billion dollar increments, summing to trillions of dollars, and all allegedly from the US Federal Reserve and all allegedly backed by gold.

Leading to the conclusion that there is a hidden mechanism of finance out there for a market in such falsified securities to exist in the first place. Now, in the wake of the financial meltdowns we’ve been watching for the past few years, we do know of the existence of a public tier of what amounts to falsified securities, namely, the derivatives and credit default swaps that led to the whole bubble originally.

reply to post by jws43yale


Why didnt you word it "I am a banker and......."? I spose it would have sounded like you were defending colleagues. Are you?

How's this going to make any difference? Won't they all be replaced with new crooks?

Originally posted by mrnotobc

How's this going to make any difference? Won't they all be replaced with new crooks?

Why don't you read two posts up instead of flipping out a one line post?

So with a bunch of bankers quiting for no reason, or being arrested, or to retire, or to move to other areas, we have to ask why? maybe this link has a little to do with it!

First year in decades without new US bank

With no new banks being created, it is obvious that there is no point in them starting new ones. Is this a lack of confidence, or some (knowing) of what is to come?

I always ask myself, if they know a disaster is coming, then what is the GREED for? seems kinda pointless to have millions or billions if it'll be worthless later. "Therefor they do not know of a disaster!"

So then they are probably just protecting themselves! Getting out of the way, or restructuring for what is to come!

There may be a disaster of some kind coming, but it will probably be a financial one.
That's my thoughts of whats going on anyways.

Originally posted by cloaked4u
Are they going to the bunkers?

This sounds suspiciously like the type of behavior we've come to expect from the ruling elite.

It is my personal belief that after the crash of 1929, those who were left standing decided it would be a good idea to start looking out for each other, share inside tips, and warn one another should something like the stock market crash happen again.

Insider trading, both on Wall St., in government, and even with celebrities has become the norm.

To state it bluntly, this sounds like a bunch of rich guys in the locker room of the country club, whispering to one another "get out now, while you still can"

I dont believe its the end of the world as WE know it, the world is in a constant state of flux. It sounds more like it would be the end of the world for these men, (so to speak) had they not strayed from their respective paths.

I think its important to remind people who wont do the digging what you have posted, its depth and importance cannot be minimised. here are the first 3 of GAB1159 Banker resignation threads.

www.abovetopsecret.com...
www.abovetopsecret.com...
www.abovetopsecret.com...

Gab keep it up man these are some of the best threads going multiple S&F's for you mate.

Originally posted by Gab1159
Some people have suggested in older updates that this may be a yearly occurance, where the bankers quit once they receive their bonus.

These people should provide a similarly long list of names that resigned this time last year, the previous year, and so on.

I hate to be long winded, or derail this thread but I have a brief story to share:

When I was a much younger man, my extensive work related travels often took me to Japan. I made a sort of reputation for myself because I never enjoyed fish, mostly because growing up poor I was forced to eat fish of such poor quality it made me sick.

In those days, the Japanese were still barely recovering from WWII and they had not become the trendy, advanced, technology driven country they have now become.

Every time I was in Japan for an important business meeting, they would all make it a big "to do" by having a chef come and cook me a hamburger or a steak, while they dined on squid, and other slimy, scaley, crustacean like creatures. One other american who happened to be similar in my taste (or lack there of) for fish pulled me aside one night after a meeting and told me he had met a down on his luck young man named Mr. Honda. This Mr. Honda was having cash flow issues and had asked my friend to invest in his fledgling motor company, promising a hefty return for any money provided.

Of course it all sounded too good to be true, and I laughed when queried whether I would consider investing along with him. He had already handed over ten thousand $US, which in those days (the mid to late 50's) was quite a hefty sum. At that time, I was not very well off, and have always been prudent with money but being in the presence of someone so much more successful than myself I agreed to put in $500, trying my best to not come off cheap, while at the same time, wondering how in the world I was going to explain this to my wife!)

About twenty years later, I sold my shares and bought a second home using what had become of that initial $500 investment. My friend of course, went on to make millions.

Originally posted by Noinoi
On the surface, it looks like another GFC is coming. And when the trouble begins, it will be someone else's problem if you've jumped ship beforehand.
I work for a Bank here in Australia, and there's been A LOT of departments being made redundant, and jobs being sent overseas.
The central bankers quitting has sent a few alarm bells ringing. Hopefully things will become clearer as the months pass.

I don't know how many people know this but the land that the Bush family bought sits over the biggest fresh water aquifer in South America.

Just a thought here, but might it be that important bankers are stepping down or planning to because of the Greek default. The Telegraph in the UK is reporting that Greece might finally default this week or next; there is already a thread about it here www.abovetopsecret.com....

Anyway the point being this:
If the CDS (Credit Default Swap) commitments are triggered, and they would be by a Greek default, the actual debt exposure of the banks will possibly be far greater than the majority of people (including politicians) realise. After all, if the average debt is leveraged say 30-50 times, and each time it is leveraged extra fees are added (basically financial entities selling insurance on debt, then insurance on that insurance, and then insurance on that insurance, and so on and so forth) then the actual international financial system-wide liability for a Greek default may be say almost one hundred times the actual 'on the face of it' debt.

An added problem is that because all of these CDS sales were made as separate business transactions, the paper (or electronic) trail will be very convoluted and difficult to pin down. It will also mean than many financial entities that have never dealt with Greece or Greek debt directly will be utterly exposed, and many may not even realise it, especially if they are far up the rungs of the leveraging ladder.

Look at it like this. We know that the notional debt of the world is of a value many hundreds (perhaps thousands) of times higher than the real cash that exists in the world. Scaling it down what we have done is create a system where even a relatively minor economy like Greece defaulting will create a trauma of a scale many hundreds (or perhaps thousands) of times the scale that one would at first imagine.

I suggest that the bankers who are resigning, being the ones who created, or at least encouraged, this system have been some of the few to truly recognise the true scale of the impact a Greek default will have. Also I would add that there is no way out of this. If Credit Default Swaps are not honoured then the effects will be even worse because all lending will stop overnight to most nations. After all, if in one default CDS obligations were ignored, why would any lender trust them again for any other country - and the sad fact is that most nations are, in all reality, such bad risks that no lender in their right mind will be prepared to make a loan without an insurance policy.

So there you go, its all pretty simple. Its like an asteroid hitting the Earth and causing a mass extinction. The asteroid (in this case Greece) looks pretty small, but its the hidden stuff we can see like the material its made of and the kinetic energy that will cause massive damage. In Greece's case its not the debt we hear about from the Eurozone politicans, or the ECD, or the commentators on Bloomberg, nope, its the massively larger liability from the over-leveraged CDS system.

reply to post by OliArtist


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I admit I have not been following these threads, I really do not want to read all these pages. Could someone please explain to me how resigning would help these people not get prosecuted for their crimes? Just because they resign, they should still be able to be prosecuted....right?

Originally posted by nitro67
I admit I have not been following these threads, I really do not want to read all these pages. Could someone please explain to me how resigning would help these people not get prosecuted for their crimes? Just because they resign, they should still be able to be prosecuted....right?

I'd be glad to but it would be too tiring for you.

Originally posted by cloaked4u
Are they going to the bunkers?

Nope... the big Ships remember its "2012"

Now if we start to see a bunch of top level officials, company heads and Hollywood Executives resign or start dying (i.e. Steve Appleton, Steve Jobs...Steve....Speilberg) Then I will official freak out!

reply to post by Seconal


You are right. CHOKE ON ALL THE GOLD IN THE WORLD!

Deutsche Bank Student Loan CEO John Hupalo quits to start student loan counseling firm.

How IRONIC...

Counsel the students you ripped off... Nice... Gotta love corporate America...

Im no expert on global finance but I have a lot of experience with this subject as I have studied it extensively throughout my undergrad and done many research articles on the recent housing crisis. From what I can gather and my theory is that there must be some type of overvaluation in the asian (mostly China) markets. This article from CNBC spells it out quite nicely.

China's Economic Slowdown

Banks lend and leverage money based on the demand for currency, if the economic situation is slowing in China, so will construction and infrastructure projects in that country. Before the economic collapse in 2007, CDO's (collateralized debt obligations) were the main way that banks created a sort of false demand for their services, by piggybacking mortgages, buying CDO's with other CDO's and insurance or derivatives on these CDO's. This system worked for a while because it falsely mitigated risk associated with bad credit lending but ultimately the soup mix of bad mortgages outweighed the less risky mortgages. The banks still do this, but since China has been lending out its seemingly vast amount of money to governments around the world including the US and Eurozone countries if Greece's bond valuations fall which many economists are betting their entire fortunes on, by at least 50%, this will cause havoc in the asian markets.

Here is a great article explaining how all of that played out:

Self Dealing Super Charged Crisis

The most likely scenario is that commodity prices will spike especially oil, causing a further economic slowdown in the asian markets. This in turn will cause a slowdown in demand for new infrastructure projects leading to less demand for credit.

Im not sure but I can almost bet that all of this jumping ship has something to do with some sort of false demand ploy in order to cause a shortage of currency most likely the same played out game that has not yet passed go to collect it's billions.

This is just my opinion and again I am no expert, but the basics remain true, more demand, the more you can charge for what you have.

As one of the wisest idealists once said,

"I believe that banking institutions are more dangerous to our liberties than standing armies".
-Thomas Jefferson

I think some perspective is needed to make sense of the data.

Some things need to be figured out before we can tell if this is truly out of the ordinary.

First off, we'd have to get a rough number of the amount of high level bank officials worldwide.

Then we'd have to figure their average number of weeks staying on the job, historically, for their respective job roles.

You just divide the first number by the second one, to get the average number of big shots which would be retiring, or stepping down, or what have you each week.

If the number reported lately is indeed statistically significant, then we have a problem.

Until someone can find some hard numbers, I'm just not going to think much of this.

There's just not enough information to go off of as is.